China considers amending law to promote rational utilization of mineral resources
2023-12-26 16:15:31 [Print]
A draft amendment to the Mineral Resources Law has been submitted to the ongoing session of the Standing Committee of the National People's Congress, China's top legislature, in an effort to promote the rational exploitation and utilization of mineral resources.
The draft revision of the law, which comprises 76 articles in eight chapters, would amend the current legislation in a comparatively comprehensive manner. According to the draft, China will strengthen the exploration and development of mineral resources, establish a reserve and emergency response system, promote the reasonable development and utilization of mineral resources, ensure national mineral resources security, and boost the high-quality development of the mining industry.
In a newly added chapter, the draft highlights ecological restoration in mining areas and increased penalties for illegal exploration and mining of mineral resources.
The draft revision of the law, which comprises 76 articles in eight chapters, would amend the current legislation in a comparatively comprehensive manner. According to the draft, China will strengthen the exploration and development of mineral resources, establish a reserve and emergency response system, promote the reasonable development and utilization of mineral resources, ensure national mineral resources security, and boost the high-quality development of the mining industry.
In a newly added chapter, the draft highlights ecological restoration in mining areas and increased penalties for illegal exploration and mining of mineral resources.
Magnesite Lump 47%min EXW China
Unit:RMB/mt
China fused magnesia producers' sales to production ratio statistics by province by month
Unit: %
